Global Nano Calcium Carbonate Market 2017-2021
About Nano Calcium Carbonate
Nano calcium carbonate is a precipitated form of calcium carbonate and has an average diameter of less than 100 nanometers. It is also referred to as nano precipitated calcium carbonate or ultrafine precipitated calcium carbonate. It is processed from limestone, which is a calcium carbonate rock. It is also known as refined or synthetic calcium carbonate because of the process of carbonation. Calcium carbonate is an inorganic mineral that is used in various end-use industries such as rubber, building and construction, and plastic. It is commonly used as an additive for thermoplastics in polyvinyl chloride (PVC) applications. Apart from plastics, nano calcium carbonate is also used in the paper and paint industries.
Technavio’s analysts forecast the global nano calcium carbonate market to grow at a CAGR of 8.80% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global nano calcium carbonate market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Nano Calcium Carbonate Market 2017-2021
Technavio recognizes the following companies as the key players in the global nano calcium carbonate market: FUJIAN SANMU NANO CALCIUM CARBONATE, Imerys, Minerals Technologies, Omya, and Shanghai Yaohua Nano-Tech
Other Prominent Vendors in the market are: 20 MICRONS, Calchem, Cales de Llierca, Galaxy, Lhoist, Nagase America, Nanoshel, Reinste, and SkySpring Nanomaterials
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand from pharmaceutical industry. The rising consumption of nano calcium carbonate in the pharmaceutical and paints and coatings industries is expected to increase its demand during the forecast period. The versatile properties of nano calcium carbonate make it suitable for use in many end-use industries. It is considered as non-toxic as per the Food and Drug Administration. Therefore, it can be used as an additive in food and as a direct or indirect ingredient in pharmaceutical applications. Substantial growth in pharmaceuticals is one of the driving factors for the growth of the global nano calcium carbonate market.”
According to the report, one of the major drivers for this market is Increasing economy of APAC. APAC is the leading and growing geographical segment of the global nano calcium carbonate market. The economic growth and rising disposable income of consumers and the industrialization and economic development in emerging countries such as India, Japan, and China are the key drivers for the growth of the nano calcium carbonate market in APAC. The flourishing paints and coatings industry is fueling the development of the global nano calcium carbonate market in this region. The developing building and construction industry will accelerate the growth of the nano calcium carbonate market in APAC.
Further, the report states that one of the major factors hindering the growth of this market is Reducing sources of limestone. Limestone is one of the economic sources available to manufacture calcium carbonate. Some of the limestone reserves can yield as high as 98%-99% of calcium carbonate. Limestone reserves are highly concentrated in North America, especially in the US. The major consumers of nano calcium carbonate are located away from the reserves of limestone. Hence, limestone mining is considered a costly process by the nano calcium carbonate manufacturers. In addition, the rising environmental concerns, as well as the public concerns toward limestone mining due to increasing noise and air pollution are hindering the market growth. Suppliers are forced to bear the compliance costs to carry out the mining operations.
FUJIAN SANMU NANO CALCIUM CARBONATE, Imerys, Minerals Technologies, Omya, Shanghai Yaohua Nano-Tech, 20 MICRONS, Calchem, Cales de Llierca, Galaxy, Lhoist, Nagase America, Nanoshel, Reinste, and SkySpring Nanomaterials
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